Vanguard Group Inc. Sells 1,065,046 Shares of Eastman Chemical Company $EMN

Key Points

• Vanguard Group cut its stake in Eastman Chemical by 7.4%, selling 1,065,046 shares and retaining 13,272,165 shares, which represented 11.64% of the company worth about $847.16 million.
• Eastman slightly beat Q1 EPS ($1.09 vs. $1.07) with revenue roughly in line at $2.18B, though revenue was down ~4.9% YoY and EPS declined from $1.91 a year ago; management raised Q2 guidance to $1.70–$1.90.
• The company pays a quarterly dividend of $0.84 (annualized $3.36) for a ~4.3% yield, with a payout ratio of about 82%.

Vanguard Group Inc. cut its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,272,165 shares of the basic materials company's stock after selling 1,065,046 shares during the period. Vanguard Group Inc. owned 11.64% of Eastman Chemical worth $847,162,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EMN. Brighton Jones LLC bought a new stake in shares of Eastman Chemical in the 4th quarter worth approximately $202,000. Integrated Wealth Concepts LLC lifted its position in shares of Eastman Chemical by 185.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company's stock worth $589,000 after acquiring an additional 4,345 shares during the period. Millennium Management LLC lifted its position in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company's stock worth $17,098,000 after acquiring an additional 79,376 shares during the period. NewEdge Advisors LLC lifted its position in shares of Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company's stock worth $644,000 after acquiring an additional 183 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Eastman Chemical in the 1st quarter worth approximately $252,000. Institutional investors own 83.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on EMN. UBS Group raised their price objective on Eastman Chemical from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Bank of America raised their price objective on Eastman Chemical from $74.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. upgraded Eastman Chemical from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $70.00 to $80.00 in a research report on Tuesday, April 14th. Citigroup decreased their price objective on Eastman Chemical from $84.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Eastman Chemical from $64.00 to $72.00 and gave the company a "hold" rating in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $77.27.

Eastman Chemical Trading Up 5.8%

EMN stock opened at $77.35 on Friday. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $84.18. The firm has a market cap of $8.83 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.05 and a beta of 1.04. The business's 50 day moving average is $72.58 and its 200-day moving average is $68.06. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

Eastman Chemical (NYSE:EMN - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company posted $1.91 EPS. The company's revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts anticipate that Eastman Chemical Company will post 5.85 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. Eastman Chemical's payout ratio is presently 82.15%.

Key Stories Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Q1 EPS beat: Eastman reported $1.09 EPS vs. consensus $1.07, a small upside that helped reassure investors that margins and pricing actions are holding. Eastman Chemical (EMN) Q1 Earnings Surpass Estimates
• Positive Sentiment: Raised Q2 guidance: Management set Q2 2026 EPS guidance of $1.70–$1.90 versus a consensus ~$1.67, signaling confidence in near-term pricing, product mix and Chemical Intermediates strength. This outlook likely drove buying interest. Company Guidance Announcement
• Positive Sentiment: Pricing & portfolio tailwinds: Analysts and the company highlighted pricing actions and strength in Chemical Intermediates as offsetting weaker demand — a thematic driver for sentiment improvement. EMN Q1 Earnings Beat Estimates, Revenues Miss on Lower Y/Y Volume
• Neutral Sentiment: Management commentary and materials available: The full earnings call transcript, slide deck and press release provide additional color on costs, cash flow and segment performance for investors doing deeper due diligence. Eastman Chemical Company (EMN) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Top-line vs. estimates: Revenue was $2.18B vs. ~$2.17B expected — essentially in line, but details by end market matter for investors assessing cyclicality. MarketBeat Q1 Coverage
• Negative Sentiment: Volume and YoY profit decline: Revenue fell ~4.9% YoY and Q1 EPS declined sharply from $1.91 a year ago to $1.09, reflecting weaker volumes and prior-year comparisons — a residual headwind to valuation until growth visibly returns. Eastman Chemical: Q1 Earnings Snapshot

Eastman Chemical Company Profile

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company's main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.

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